Animal Imaging Facility - Irving, TX

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire fee-simple interest in the freestanding single-tenant Animal Imaging Clinic located at 500 Paddock Way in Irving, TX (“Property” or “Asset”) with 6.8 years of term remaining on an absolute NNN structure, annual CPI rental increases, and one (1), 5-year option period.

Originally constructed in 1986, the Asset comprises 17,845 square feet on 2.58 acres and operates as a veterinarian-owned, outpatient imaging center offering imaging services and interpretations for dogs, cats, horses, and some exotic animal species as well as teleradiology services to local and distant practices.

The Property is 100% leased to DFW Veterinary Imaging Center (“Tenant”), an owned entity of Altano Group. The practice was acquired by Avanti Equine Veterinary Partners in 2021, which was later sold to international vet operator Altano Group. With over 70 locations across 10 countries, Altano is one of the world’s leading groups of equine clinics. The facility features a 3 Tesla MRI system, a highly experience and rare machine which brings in significant revenue to the practice and cannot be found in any other Dallas-Fort Worth veterinary clinics.

The Property is well positioned along E Royal Ln and Riverside Dr, with visibility to ~30,000 VPD in the affluent Irving market. It is situated only 20-minutes outside of Downtown Dallas and nearby many retail corridors, with surrounding retailers including Kroger, Whole Foods, TJ Maxx, Starbucks, Lifetime Fitness, Cava, as well as several schools and healthcare facilities. Coupled with a city population of 217,000, average household income of $105,000 within a 3-mile radius, and proximity to the larger DFW metro by I-35, I-635, and Route 348, this opportunity will be well received by investors that have shifted their focus to real estate assets with strong fundamentals.

This opportunity provides investors the excellent opportunity to acquire a longstanding, fully-committed veterinary imaging clinic located in the hub of the Dallas-Forth Worth metropolitan area. The Asset offers secure, long-term cash flow backed by a global parent organization.